The Nigerian Government is actively pursuing partnerships with international players in the mining sector to harness the nation’s capabilities. During the Future Minerals Forum in Riyadh, Saudi Arabia, Minister of State Finance, Dr. Doris Uzoka-Anite, highlighted Nigeria’s considerable resource potential and readiness for collaboration. She expressed a commitment to innovation, sustainability, and investment, positioning Nigeria as a key player in global minerals and energy. Dr. Uzoka-Anite urged global investors to explore the untapped opportunities available in Nigeria’s mining and energy sectors.

Attending alongside Minister of Solid Minerals, Mr. Dele Alake, Dr. Uzoka-Anite emphasised Nigeria’s openness for business at the Future Minerals Forum, which hosted over 14,000 participants from 178 countries, including government leaders and industry experts. The Nigerian delegation aimed to showcase the country’s extensive natural resources and support President Bola Ahmed Tinubu’s focus on economic growth through mining and energy collaboration.

The Future Minerals Forum serves as a significant platform for shaping the minerals industry’s future globally. Nigeria’s involvement at the forum illustrates its commitment to fostering international partnerships that drive economic advancement, aligned with the Renewed Hope Agenda of the Tinubu Administration, aimed at enhancing the country’s mining and energy sectors.

Nigeria is rich in natural resources, which presents significant opportunities for economic growth through the mining sector. The government is keen on attracting global partnerships to unlock these resources. With a strong focus on innovation and sustainability, Nigeria aims to improve its position in the global minerals market, enhancing its economic landscape in the process. Participation in international forums like the Future Minerals Forum reflects Nigeria’s strategy to engage globally and promote investment in its resources.

In summary, the Nigerian Government is seeking global partnerships to strengthen its mining and energy sectors. By showcasing its resource wealth at international forums, Nigeria is positioning itself as an emerging leader in the global minerals market. The ongoing efforts to attract foreign investment are aligned with the country’s broader economic agenda, aiming to stimulate growth and sustainability in critical industries.

Original Source: newtelegraphng.com

The post Nigeria Seeks Global Mining Partnerships to Strengthen Economy first appeared on Nigerian Mining News.

Nigeria and Saudi Arabia have revitalised efforts to enhance their geological agencies’ capabilities, leveraging advancements in mineral exploration by Saudi firms. During a meeting at the Future Minerals Forum in Riyadh, Saudi Mining Minister Bandar Al-Khorayef confirmed collaboration between the government and private sector to introduce new technologies for mineral exploration.

Engr. Al-Khorayef responded to a proposal from Nigeria’s Minister of Solid Minerals Development, Dr Dele Alake, who advocated for partnerships capitalising on economic advantages. Alake highlighted that both countries could benefit from the sector’s value chain, especially through Nigeria’s access to Saudi Arabia’s gold market.

Nigeria’s minister, alongside his finance counterpart Dr Doris Uzoka-Anite, engaged Saudi Chamber of Commerce officials, seeking investments in Nigeria’s mining sector, particularly focusing on lithium and iron ore reserves. To enhance investment security, Alake assured the provision of relevant mineral data via the Nigerian Geological Survey Agency.

Alake noted the global industry’s pivot towards electric machinery that utilises lithium batteries, positioning Nigeria as a vital supplier of essential minerals. He emphasised that partnerships with Saudi investors would bolster the export of refined industrial products, drawing parallels with Saudi investments in steel production.

He cited examples of iron ore processing in Nigeria, showcasing existing successful companies, and mentioned the availability of advanced laboratories in Nigeria for mineral analysis, contributing to efficient mining operations.

The collaboration between Nigeria and Saudi Arabia aims to enhance the capabilities of their geological sectors, particularly in mineral exploration. This initiative comes against the backdrop of Saudi Arabia’s advancements in mining technology and Nigeria’s significant mineral resources, including lithium and iron ore, crucial for today’s electric machinery market.

The renewed collaboration between Nigeria and Saudi Arabia seeks to leverage technological advancements in mining to improve the sector’s capabilities. By integrating efforts, both nations aim to expand economic opportunities, specifically in mineral exploration and processing, ensuring mutual benefits and investment security.

Original Source: leadership.ng

The post Nigeria and Saudi Arabia Strengthen Mining Sector Collaboration first appeared on Nigerian Mining News.

Nigeria and Saudi Arabia are rekindling efforts to strengthen their geological agencies, drawing on advancements made by Saudi firms in mineral exploration. At a recent meeting during the Future Minerals Forum in Riyadh, Saudi Minister of Mining Engr Bandar Al-Khorayef announced collaboration between government and private sectors to integrate innovative mining technologies, with new products showcased at the event to enhance awareness.

Minister of Solid Minerals Development, Dr Dele Alake, proposed a collaboration targeting economic advantages through the value chain of the minerals sector. By referring to the successful Saudi gold market, he suggested allowing Nigerian gold refineries access to this market to foster mutual economic growth and expansion opportunities.

Dr Alake, alongside the Minister of State for Finance Dr Doris Uzoka-Anite, engaged with the Saudi Chamber of Commerce to attract investments into Nigeria’s mining sector, highlighting significant lithium and iron ore deposits. He assured that the Nigerian Geological Survey Agency will provide essential mineral data to mitigate investors’ risks.

With the global shift towards electric vehicles requiring lithium batteries, Dr Alake noted Nigeria’s strategic position as a key mineral supplier, aiming to boost the export of refined industrial inputs. He cited successful examples in Saudi Arabia’s steel production and mentioned similar capabilities within Nigeria for processing iron ore.

The meeting highlighted Nigeria’s advanced laboratories for mineral analysis, which can support mining projects by providing certified services in West Africa. This initiative aims to solidify both nations’ partnership in the mining sector, ensuring sustainable growth and development for their economies.

The article discusses the renewed partnership between Nigeria and Saudi Arabia aimed at enhancing their geological and mining capacities. This collaboration is part of a broader strategy to leverage the advancements in mineral exploration technology developed by Saudi firms. The discussions at the Future Minerals Forum emphasise the importance of cooperation between the two countries to boost mutual economic benefits, particularly in the mining and mineral processing sectors, with a focus on integrating finished goods into global markets.

The renewed plans between Nigeria and Saudi Arabia focus on enhancing geological agency capacities and promoting collaboration in the mining sector. By leveraging technological advancements and developing market access, both countries aim to bolster their economies and ensure sustainable development. The initiative shows promise in increasing investments and refining product exports in key mineral sectors.

Original Source: thesun.ng

The post Nigeria and Saudi Arabia Collaborate on Geological Agency Capacity Building first appeared on Nigerian Mining News.

Nigeria and Saudi Arabia are set to enhance their mining sectors by collaborating on geological capabilities, following advancements made by Saudi companies in mineral exploration. This decision arose during a meeting held at the Future Minerals Forum (FMF) in Riyadh, to discuss mutual economic benefits and technological innovations in mining.

Saudi Minister of Mining, Engr Bandar Al-Khorayef, highlighted the collaboration between public and private sectors to adopt new mineral exploration technologies, with products showcased at the conference to boost visibility and market awareness.

During the discussions, Nigeria’s Minister of Solid Minerals Development, Dr. Dele Alake, proposed partnerships along the mining industry’s value chain, citing Nigeria’s gold refineries as potential entrants to the Saudi market with protection clauses benefiting both nations’ economies.

The Nigerian delegation, which included Dr Alake and Minister of State for Finance, Dr Doris Uzoka-Anite, appealed to the Saudi Chamber of Commerce for investment in Nigeria’s mining sector, particularly focusing on lithium and iron ore resources in line with current policies promoting value addition.

Dr. Alake indicated that the global shift towards electric vehicles has positioned Nigeria as a key provider of essential minerals, asserting that partnerships with Saudi investors could enhance the export of processed industrial materials. He referenced the examples of steel production and iron ore processing within Nigeria as predictions of potential success.

Alake mentioned the availability of advanced laboratories for mineral analysis in Nigeria, promoting efficient mining operations, and asserting Nigeria’s status as home to West Africa’s best-certified mineral laboratories.

The discussion between Nigeria and Saudi Arabia revolves around optimising their mining potential through technological collaboration. Given Saudi Arabia’s advances in mineral exploration, Nigeria seeks to leverage these advancements to boost its own mining capabilities. Both nations are keen to establish partnerships that enhance investment opportunities, particularly in sectors like lithium and iron ore, that align with global market trends towards sustainable energy solutions.

The renewed partnership between Nigeria and Saudi Arabia aims to improve mining operations and investment through collaborative efforts in technological advancements and market accessibility. By establishing joint ventures and harnessing shared resources, both countries can effectively enhance their mining sectors, contributing to economic growth and expanded export opportunities.

Original Source: von.gov.ng

The post Nigeria and Saudi Arabia Strengthen Mining Partnership for Economic Growth first appeared on Nigerian Mining News.

Nigeria is actively pursuing international partnerships to enhance its mining sector, as stated by Dr. Doris Uzoka-Anite, the Minister of State for Finance. Speaking at the Future Minerals Forum in Riyadh, she emphasised the nation’s untapped natural resource potential and welcomed global investors to help position Nigeria as a key player in the global minerals and energy market through sustainable practices. Dr. Uzoka-Anite reaffirmed President Bola Tinubu’s commitment to advancing growth and diversification within these sectors.

Currently, the Nigeria Mining Cadastre Office has generated over $4.8 million in revenue as of October 2024, but it is experiencing funding challenges. Furthermore, Minister of Solid Minerals Development, Dele Alake, has expressed concerns regarding the insufficiency of the 2025 mining budget, indicating that it falls short of promoting adequate exploration and investment.

Nigeria aims to strengthen its economy by tapping into its rich mineral resources through enhanced global investment in the mining sector. The government is focused on developing sustainable mining practices and fostering innovations to establish a leading position in the energy and mineral markets. This push for investment comes amid existing financial constraints and critiques of budget allocations in the mining sector.

In summary, Nigeria seeks to attract global investments to develop its mining sector, identifying it as vital for economic growth. While the potential is significant, challenges such as funding limitations and inadequate budget allocations need to be addressed to realise these ambitions.

Original Source: www.africa.com

The post Nigeria Aims for Global Investments to Enhance Mining Sector first appeared on Nigerian Mining News.

Abuja is focusing on establishing global mining partnerships to enhance Nigeria’s economy, as stated by Dr. Doris Uzoka-Anite, the Minister of State for Finance. In her address at the Future Minerals Forum in Riyadh, she showcased Nigeria’s rich untapped resources and called on international investors to join efforts in positioning the nation as a key player in the global minerals and energy industry through sustainable innovations.
Uzoka-Anite emphasised President Bola Tinubu’s commitment to stimulating growth in the mining and energy sectors while diversifying the economy. As of October 2024, the Nigeria Mining Cadastre Office had generated over $4.8 million in revenue, but it is facing financial challenges. Recently, the Minister of Solid Minerals Development, Dele Alake, expressed concerns regarding the insufficiency of the 2025 mining budget in fostering exploration and investment.

The Nigerian government is taking steps to attract foreign investment in the mining sector, which is seen as vital for economic growth. Despite its rich natural resources, the country is grappling with underfunding and budgetary constraints that limit exploration and development. Initiatives aimed at showcasing Nigeria’s potential in the global minerals market are part of a wider strategy to diversify its economy and reduce dependence on oil revenue.

Nigeria’s government is actively seeking global partnerships to develop its mining sector and enhance economic growth. With significant untapped resources and a commitment from leadership, Nigeria aims to position itself as a competitive player in the global minerals market. However, financial and budgetary limitations pose challenges that must be addressed to attract necessary investments.

Original Source: iafrica.com

The post Nigeria Pursues Global Investment to Boost Mining Sector Growth first appeared on Nigerian Mining News.

The Nigerian Federal Government aims to rejuvenate the economy through global mining partnerships. Minister of State Finance, Dr. Doris Uzoka-Anite, represented Nigeria at the Future Minerals Forum (FMF) in Riyadh, highlighting the country’s rich resource wealth and readiness for collaboration with investors. She stated, “With our rich resource base and a renewed focus on innovation, sustainability, and investment, we are positioning Nigeria as a leader in the global minerals and energy landscape.’

Uzoka-Anite, accompanied by Minister of Solid Minerals, Mr. Dele Alake, showcased Nigeria’s openness to business at the FMF. The forum attracted over 14,000 participants from 178 countries, allowing Nigeria to present its resource potential to the global community. This initiative aligns with President Bola Ahmed Tinubu’s Renewed Hope Agenda to stimulate economic growth through strategic partnerships.

Manga reported that the FMF has been pivotal for Nigeria in promoting economic advancement via mining collaborations. The Minister had discussions with Saudi officials and industry leaders, presenting Nigeria’s mining sector as an attractive investment destination. A joint session with the Saudi Ministry of Energy explored partnership opportunities in energy and mining, reinforcing Nigeria’s appeal as a preferred partner.

These engagements are aimed at strengthening economic ties between Nigeria and Saudi Arabia while highlighting Nigeria’s untapped resource potential. The Federal Government is committed to fostering partnerships that drive investment and innovation in the mining sector, welcoming global investors to explore these opportunities.

The article discusses Nigeria’s efforts to enhance its economy through international mining partnerships. It illustrates the government’s active participation in global forums to attract investments. The emphasis is on collaboration, resource management, and solidifying Nigeria’s position as a leader in mining and energy sectors, reflecting a strategic approach to economic revitalization.

The Nigerian government is prioritising global partnerships in mining to stimulate economic growth, backed by the participation of top officials at international forums. Efforts to showcase Nigeria’s resources are coupled with a commitment to innovation and sustainability, inviting international investors to explore and invest in the country’s mining sector. This approach is part of a broader initiative to enhance economic prospects through collaborative efforts.

Original Source: tribuneonlineng.com

The post Nigeria Pursues Global Mining Partnerships to Revitalise Economy first appeared on Nigerian Mining News.